Asset Reporting Tool Listing: 8217 Subway Hamtramack #14769 9117 Jos Campau Street Hamtramack, MI 48212 Contact: Robin Gagnon

Email: [email protected] Phone: (404) 800-6700 www.wesellrestaurants.com 5055 N. Oceanshore Blvd. Palm Coast, FL 32137

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Confidentiality This Asset Reporting Tool© is a Confidential Document containing information about a business for sale that is represented by We Sell Restaurants. This data is provided to familiarize prospective buyers with confidential information about the business and is specifically covered by the confidentiality agreement you have signed. All of the information presented in the Asset Reporting Tool© is highly sensitive and confidential and is only intended for individuals or companies that have signed a Confidentiality or Non-Disclosure Agreement or are bound to confidentiality by their professional ethics. DO NOT PROCEED FURTHER UNLESS YOU ARE BOUND BY ONE OF THESE AGREEMENTS. If you have electronically acknowledged this confidentiality agreement online through our website www.wesellrestaurants.com, then you are fully bound by the terms of that confidentiality agreement under United States law for all information released to you herein. The definition of an electronic signature is set out in the Uniform Electronic Transactions Act ("UETA") released by the National Conference of Commissioners on Uniform State Laws (NCCUSL) in 1999. Under UETA, the term "electronic signature" means "an electronic sound, symbol or process, attached to or logically associated with a record and executed or adopted by a person with the intent to sign the record." In other words, your electronic intent, demonstrated by a signature initiated on your computer, traceable by your IP address, confirmed by the data you provided about your physical address, name and phone number is fully enforceable in a court of law.

Advisors Buyers may seek professional advice concerning this opportunity, but they must advise such persons of this non-disclosure provision and shall be legally responsible for the failure of such professionals to maintain the confidentiality of the information to be kept including the fact that the business is for sale. It is understood and agreed that this non-disclosure provision is intended for the benefit of Seller, who is a third party beneficiary of this provision. As such, Seller may bring an action to enforce its terms to recover damages for any breach of this provision.

Restaurant Contact The business employees, customers, suppliers and competitors are not aware that the business is for sale. Contact with the any part of the business, stakeholder, vendor, landlord, employee or otherwise is strictly prohibited without the express written consent of We Sell Restaurants. All of the information contained in the Asset Reporting Tool has been provided by the owner of the business offered for sale. We Sell Restaurants has not confirmed this information and makes no representations or warranties as to its accuracy or completeness. Any and all representations shall be made solely by the business offered for sale as set forth in a signed asset purchase agreement. By accepting this Asset Reporting Tool©, the recipient acknowledges their responsibility to perform a thorough due diligence review and to make their own evaluation prior to any acquisition of the business for sale

We Sell Restaurants We Sell Restaurants® is the industry leader in restaurants for sale. Our mission is to sell more restaurants than anyone else – PERIOD and our name says it all. We Sell Restaurants! We are specialists in selling restaurants, restaurant space for lease and we lead the nation in franchise restaurants for sale that are open and operating - franchise resales.

The nation’s only Certified Restaurant Brokers, we are now franchising our brand nationwide. Information can be found at this link online.

The We Sell Restaurants® brand is known nationwide for professionalism, industry knowledge and unmatched service. Whether you are in the market to buy a restaurant, find a restaurant for lease, resell a restaurant franchise or sell an independent restaurant or bar, the We Sell Restaurants® brand is unmatched in experience and knowledge. Our website is an invaluable resource where we focus on sharing knowledge, information and of course, restaurant for sale listings. We train and certify the best in the industry with the only Certified Restaurant Broker® program in the nation. We are franchisors as well as a resource to the restaurant and franchise industry. Our restaurant brokers are knowledgeable, educated and professional.

Appetite for Acquisition Appetite for Acquisition has been described in the business as “the definitive guide for anyone looking to enter the restaurant industry.” Winner of the prestigious Small Business Book Award, it is full of tips, ideas, worksheets and more on how to acquire a restaurant in a way that is less painful, more profitable and delivers a better return on your investment. Available for shipment immediately. Click this link to order immediately and satisfy your Appetite for Acquisition

We Sell Restaurants was on the air for a number of years as the nation’s only restaurant radio show broadcast in the 7th largest media market. The show, designed to Satisfy Your Appetite for Acquisition, Feed the Need for Restaurant Reality and Serve Up a Recipe for Business Success is available for instant download on iTunes and on the We Sell Restaurants YouTube channel. Guests include such a well-known names as: Food Network Megastar Alton Brown, Cooking Channel’s G. Garvin, Editor of Restaurant Business Peter Romeo, President and CEO of the International Franchise Association, Steve Caldeira, Nation’s Restaurant News Editor, Jonathan Maze, President of Firehouse Subs, Don Fox and many more.

Contact Me Robin Gagnon MBA, CBI, CFE Email: [email protected] Phone: (404) 800-6700 www.wesellrestaurants.com

ROBIN GAGNON is the Co-Founder of We Sell Restaurants and wesellrestaurants.com, the nation’s largest restaurant brokerage firm and the only national franchise specializing in restaurant sales. One of the most prolific restaurant brokers in the industry and a franchise resale specialist, she holds the Certified Business Intermediary (CBI) designation from the International Business Brokers Association or IBBA and is an MBA. She has also achieved the Certified Franchise Executive (CFE) designation from the International Franchise Association. Robin is the Chair of the Women's Franchise Committee of the IFA or International Franchise Association. She is an Executive Member of the Women's Franchise Network - Atlanta Chapter. She has been recognized by Nation's Restaurant News as one of the most influential suppliers and vendors in the country for 2022. Her articles appear in QSR Magazine, Forbes and she is a regular media resource for all matters related to the restaurant industry. She was also ranked one of the top 50 most influential people in franchising in 2022. Robin is a writer and speaker that has addressed many groups nationwide. Her expert articles appear online and in print across the country. In 2012, she co-authored Appetite for Acquisition , an award winning book on buying restaurants. Robin holds an undergraduate degree and an MBA from Appalachian State University where she graduated first in her class and was named "Outstanding MBA." She is

emeritus member of the ASU Business Advisory Council. Robin is a licensed real estate salesperson in both Georgia and Florida. She has been named a National Industry Expert by Business Brokerage Press in Franchise Resales. Prior to launching We Sell Restaurants, Robin served as Vice President of Strategic Marketing for the Macy’s Division of Federated Department Stores. Prior to that, she was Director of Advertising and Director of Business Development for another Fortune 100 company. Robin oversees the development and training of Restaurant Brokers nationwide and has created the industry's only Certified Restaurant Broker coursework and testing program.

The Restaurant Industry Food and beverage sales in the restaurant and foodservice industry are projected to total $789 Billion dollars in 2021, up 19.7% from 2020. Sales in 2020 were negatively affected by the virus but the National Restaurant Association reports that consumer spending in restaurants trended sharply higher during the first half of 2021, driven by rising vaccination numbers, additional stimulus payments and healthy household balance sheets. Looking to the future, the National Restaurant Association projects 2030 restaurant sales to be $1.2 trillion dollars and provide employment opportunities for more than 17 million individuals.

Restaurant Growth Continues Growth in the restaurant industry for the past several decades has been driven by consumers' desire for convenience, socialization, and high-quality food and service. These same drivers will be the catalysts for expansion well into the future, as the restaurant industry continues to innovate and adapt to the ever-changing tastes and preferences of consumers. Nearly 8 in 10 adults say their favorite restaurant foods delivery flavor and taste sensations that just can be duplicated in the home kitchen. Restaurants are an integral part of our social fabric; 6 in 10 adults say restaurants are an essential part of their lifestyle.

Source: National Restaurant Association

Asset Sale The listing information you are being provided is based on the sale of a property as an Asset Sale. Asset Sales are valued using the Replacement Value Method. The replacement value technique assumes a buyer pays the seller some amount based on the opportunity to benefit from the existing investment in the restaurant facility, leasehold improvements, equipment, lease, and location of the restaurant. In other words, the buyer will pay for the right to avoid spending time and money to build and comply with city regulations, impact fees, and delays in building a new restaurant. There are very rare cases, depending on market conditions whereby someone gets a premium for a location. When second generation restaurant space goes on the market because a concept is failing it becomes an asset sale. The seller ends up selling for pennies on the dollar based on the cost of his or her original build-out. Asset sales are valued using the replacement value method and only when the assets are available for sale without demonstrated earnings. The advertising on this type listing should state it is an asset sale only and that no books and records are available. You are purchasing a business for the furniture, fixtures, equipment, and location.

FAQ What is the value of an asset sale? Typically, a buyer can expect to pay between 20 and 30 cents on the dollar of the original build out. For example, if someone spent $250,000 to build out a restaurant, it may go on the market for around$50,000.

Why can't I see the books and records? An asset sale is not priced as a "going concern" since the new owner will be bringing their own menu, staff, brand and promotion. The only thing remaining from the old restaurant will be the "bones" of the kitchen and decor. Since your restaurant will bear very little resemblance to the former restaurant, the sales and expenses will be meaningless to you. Obviously, if they were highly profitable, they would be priced much higher

What shouldn't I just get a space that used to be a restaurant and start from scratch? What's the difference between that and an "asset sale?" A closed restaurant space is often referred to as "second generation" space. There are pros and cons to doing a start up in a second generation space. We will review both in the following pages.

Pros Simple Conversion Second generation space refers to locations that formerly served as restaurants. For this reason, it may convert back to that use easily.

Strong Competition for the Best Locations We Sell Restaurants has excellent relationships with the best landlords in the marketplace, so we are often aware of the prime locations before they even go on the market. These will re-lease very quickly, often before they are publicly advertised and to clients that are under contract with us for their exclusive site location. Those that are sitting on the market may be there for a reason.

Ready to Go Time is your enemy. Your great idea may be opening around the corner while you're trying to find that last piece of equipment and juggle the installation, painting, and inspections for what is essentially a new restaurant launch. With the purchase of an asset sale, you avoid the pitfalls and can do a menu change, marketing re-launch and you're ready to go.

Cons Limited Equipment For second generation space, often the only equipment remaining is the hood and sometimes the refrigeration units. If there's an in-ground grease trap, that would be remaining as well. However, all the rest of the equipment for the line must be purchased and you're looking at several thousand dollars (estimate $30,000 or more for used equipment).

No Front of House Furniture The front of the house is usually bare so you're going to need to buy tables, chairs, TV's, bar furniture, small wares. This can add up (estimate $10,000 - $15,000 or more).

No Sales There are zero sales when you start 100% from scratch and take over an empty second generation space. The first $100,000 in sales typically does not even cover your fixed expenses and can take a long time to build. An Asset Sale often has existing sales that you can leverage even with a name or concept change.

No Permits A second generation space that is closed is not permitted for operation. An asset sale has is operating is generally in compliance for all permits and this can be verified during the due diligence phase.

No Liquor License There is no liquor license in place for a closed restaurant space as the license applies only to going concerns. Depending on your location and the local laws, an asset sale can continue to operate and pour drinks while you transition from one owner to another. For a closed location there will be a delay of several weeks to several months depending on when you apply and the governing bodies.

Subway Hamtramack #14769 $150,000

Buy this turn-key, fully-equipped Subway Franchise for Sale in Wayne County today, and be in business tomorrow! This great location is fully outfitted, open and operating. Generating sales of nearly $275,000, this unit is a great opportunity for an owner operator. Be Your Own Boss with a business of your own. Looking for Lending? No problem! This Subway Franchise for Sale can be financed with our unsecured lending program. You qualify for lending on the #1 restaurant chain in total restaurant count with more locations than any other chain in the Quick Service Restaurant industry. We can get you in touch with our lender resources that can have you approved in days, not weeks! Click here for more information! This Subway Franchise for Sale offered by the Restaurant Brokers is fully equipped. Commercial refrigeration including a Walk In Cooler and Freezer along with full service and preparation areas are equipped to the brand standards. Why start from scratch waiting on materials, a lease, build out and for customers to find you? This open and operating location with sales of more than $275,000 is ready today! A new build out and operation of a new location is estimated at as much as $342,400. Your investment today is much less and the store is already in existence! A few key items about this opportunity. It is located in a fully occupied shopping center. The town is seeing a huge population increase and it has great parking and visibility! This 1,443 Subway Franchise for Sale has a monthly rent including CAMS, Taxes, and Insurance of just $2630.57. Sales for the last year were more than $275,000 with an absentee and multi-unit owner. An active and engaged operator can easily work to drive greater revenue though community engagement and marketing. Great opportunity for an owner operator to take over and push a positive trend in cash flow. Are you ready to take control of your life? Lead your own team instead of following someone else. Learn from the industry leader in satisfying customers in a quick service environment. Learn new skills and take on the challenge of building up a business that's waiting on you to go to the next level. Contact We Sell Restaurants today!

Additional Details LEASE TERMS valid until 2/28/2024 w/ 2, 5 year options

Total Monthly Rent: 2630.57,

EMPLOYEES Full Time: 1

Part Time Employee: 3

OPERATING HOURS current: 10am-9pm Monday- Saturday Sunday 10a NUMBER OF SEATS Inside: 24

Outside:

GREASE TRAP

no

LIQUOR LICENSE TYPE

Beer and/or Wine

HOOD SYSTEM

Yes

EQUIPMENT LIST Freezer Walkin Cooler Hot well Two cold bains Back room single bain Dining tables and chair Ice machine Coke fountain Trash receptacles Prep table Smallware Combros Bowls Mop and Bucket Slicers Utensils Refrigerated beverage cool Toaster ovens Proofer Microwave Speed oven Cookie Display Rented Cash register and POS software DVR Overhead Wall Shelving CO2 Tank Coffee warming unit Tea Maker Bubblier Rolling bread racks Rolling bread cabinet Behing the counter storage cabinets

EQUIPMENT LIST

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